Category: Latest Stories

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CommercialLatest Stories

Flex Offices: From Startup Solution to Key Enterprise Strategy

BENGALURU: Flexible workspaces are increasingly recognized not just as temporary solutions for startups but as essential elements of enterprise real estate strategies, driven by GCC expansion, hybrid work models, and the demand for operational agility, industry leaders stated on Tuesday. This insight emerged during a panel discussion at the RealtyDailyNews Realty & Beyond Summit in Bengaluru, where experts analyzed the transformative impact of flexible offices and managed spaces on the future of commercial real estate. The panel included prominent figures such as Mattew Parambil, Vice President & Head – Revenue at COWRKS; Utkarsh Kawatra, CEO & Co-Founder at MyHQ; Sitanshu…

Latest StoriesResidential

Bengaluru Housing Premiumisation Endures Amid AI Disruptions

BENGALURU: While artificial intelligence is reshaping the tech landscape, the residential real estate market in Bengaluru continues to thrive, fueled by the expanding GCC ecosystem, a skilled workforce, and evolving expectations of homebuyers, as stated by industry leaders. At the RealtyDailyNews Realty & Beyond Summit Bengaluru held on Tuesday, real estate professionals highlighted Bengaluru’s shift from an IT-centric market to a diverse technology and innovation economy, leading to new residential demand patterns. They asserted that although AI might impact job roles, it is unlikely to hinder the city’s long-term housing needs. The panel featured notable figures including Mallanna Sasalu (CEO-South,…

Latest StoriesResidential

Experts: Senior Living Demand Shifts to Active-Aging Communities

BENGALURU: The perception of senior living in India is evolving from that of mere old-age homes to a recognized housing segment that promotes independence, community, healthcare, and lifestyle services, according to industry leaders on Tuesday. The insights emerged during a panel discussion at the RealtyDailyNews Realty & Beyond Summit in Bengaluru, focusing on creating active-ageing communities. The panel featured Shreya Anand, Director of Vedaanta Senior Living; Adarsh Narahari, Founder & MD of Primus Senior Living; Viswa Prathap Desu, COO – Residential at Brigade Group; and Sumathy Anantharam, Co-founder of Manasum Senior Living, moderated by Mahaveer Shankarlal, Director and Head of…

Latest StoriesResidential

North Bengaluru’s Growth Fueled by Infrastructure and Lifestyle

BENGALURU: North Bengaluru is transitioning from a potential market to a thriving residential hub, fueled by airport accessibility, infrastructure growth, social facilities, and an increase in office demand, industry experts noted on Tuesday. These insights emerged during the RealtyDailyNews Realty & Beyond Summit in Bengaluru, where a panel discussion focused on the city’s evolving residential sectors and Karnataka’s growth trajectory. The discussion featured industry leaders including Nesara B.S., Chairman of Concorde; Subhakar Rao Surapaneni, Chairman of Champion Infratech; P Ravindra Pai, Managing Director of Century Real Estate; Manjesh Rao, Founder & Chief Realty Officer of BrokerInBlue; and Navin Dhanuka, Director…

Latest StoriesRera

RERA Chairman Calls for Faster Coordination in Real Estate Approvals

Rakesh Singh (IAS), Chairman, Karnataka RERA. Rakesh Singh (IAS), Chairman of Karnataka RERA, emphasized the need for enhanced institutional coordination and a more consistent approval framework in Karnataka’s real estate sector to mitigate project execution delays. He acknowledged that while RERA has contributed to increased discipline and transparency, discrepancies among government bodies, regulators, and promoters still hinder the progress from project initiation to completion. Singh spoke at the RealtyDailyNews Realty & Beyond Summit in Bengaluru, where he joined policymakers, developers, and other real estate professionals in discussions on Bengaluru’s urban and housing development potential. Singh highlighted the persistent trust issues…

IndustryLatest Stories

Bengaluru’s Growth Needs Planned Expansion, Says Maheshwar Rao

Maheshwar Rao M (IAS), Chief Commissioner, Greater Bengaluru Authority (GBA). As Bengaluru embarks on its next urban expansion phase, Maheshwar Rao M (IAS), the Chief Commissioner of the Greater Bengaluru Authority (GBA), emphasizes the necessity of planned development over haphazard growth. During a talk on Tuesday, Rao highlighted that the city’s population is projected to grow sharply in the upcoming decades, making integrated urban planning, housing, transportation infrastructure, and public spaces vital to sustaining economic growth. Rao shared these insights at the RealtyDailyNews Realty & Beyond Summit in Bengaluru, attended by developers, policymakers, consultants, and industry stakeholders focusing on real…

InfrastructureLatest Stories

Pune: Draft Development Plan for Merged Areas Approved

PUNE: During the civic body’s general meeting on Monday, a proposal was approved to initiate the draft development plan (DP) for 23 regions merged with the Pune Municipal Corporation (PMC) in 2021. The proposal also designated city engineer Aniruddha Pavaskar as the town planning officer tasked with overseeing the DP. This measure received unanimous support from corporators, who urged the administration to expedite the DP preparation. The formation of the DP for these 23 merged areas has encountered various technical hurdles over the past five years. An initial DP drafted by the PMRDA was canceled by the state government for…

Latest StoriesResidential

Goa: Karapur Housing Project Protest Hits Day 78

Representative Image BICHOLIM: The protest against a large housing project in Karapur reached its 78th day on Sunday, with locals vowing to continue until the project is abandoned. Residents claim that the project breaches environmental regulations. Under the banner of Karapur Gramastha Ekvoticho Aawaz, villagers are staging a sit-in near the Shri Shantadurga Temple. Women involved in the protest expressed their determination to persevere as long as needed. Gauresh Ghadi, president of the Karapur Biodiversity Management Committee, stated that the villagers initiated a tree-planting campaign on Sunday in areas where project officials reportedly cleared vegetation. He noted that a peacock…

Latest StoriesRegulatory

Gujarat HC: Ahmedabad civic body can’t revoke own orders

AHMEDABAD: The Gujarat High Court has ruled that once an authority regularizes unauthorized construction by accepting the impact fee or denies such a request, it cannot review or revoke its decision. The court annulled an order by the Ahmedabad Municipal Corporation (AMC) that cancelled a prior regularization of unauthorized construction at the Swastik Complex, a commercial building located in Maninagar. The court found that the authority lacked the jurisdiction to revoke a regularization order under Section 8(4) of the Gujarat Regularisation of Unauthorised Development Act, 2011 (GRUDA). The petition was brought by Unnati Shah and others in response to AMC’s…

Latest StoriesRegulatory

Ahmedabad Civic Body Struggles to Collect Property Rents

AHMEDABAD: The Ahmedabad Municipal Corporation (AMC) is leasing thousands of valuable commercial properties across the city for a mere monthly fee of Rs 100 to Rs 500. Facing a severe shortage of staff, the civic body is now implementing a digital transformation and taking on a few properties for redevelopment. An in-depth audit shows that the AMC possesses 3,778 commercial rental properties, with nearly half (1,830) located in the Central Zone of the city. A senior AMC official noted that many of these attractive locations are locked into long-term leases for “insignificant amounts.” Zonal estate departments, typically operating with just…